Fuel and Diesel Costs Are Soaring, Crossing the ₹ 300 Mark in Pakistan

In Pakistan, the cost of gasoline and diesel has surpassed ₹ 300 for the first time in the history of the country.
The finance ministry revealed yesterday night that the price of high-speed diesel (HSD) has risen by ₹ 18.44 and that the price of petrol has climbed by ₹ 14.91, as Pakistan lurches from crisis to crisis.

Diesel is presently costing ₹ 311.84, while petrol is now priced at ₹ 305.36.

Pakistan is now experiencing the biggest economic crisis in many years. Recent economic changes have resulted in historically high interest rates and inflation, which is placing pressure on the general public and companies.

The Pakistani rupee’s ongoing depreciation has forced the central bank to increase interest rates. The value of the national currency is now at a record low of 305.6 per US dollar, down from Tuesday’s closing of 304.4.

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Last month, the nation swore in a caretaker administration led by acting prime minister Anwaar-ul-Haq Kakar, giving them the responsibility of governing the nation until new elections, which may not take place until beyond November.

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